MURFEESBORO, TN and KNOXVILLE, TN (Feb. 26, 2020) – National Healthcare Corporation (“NHC”), Tennova Healthcare, The University of Tennessee Medical Center (“UTMC”) and Reliant Healthcare today announced the Health Services and Development Agency of the State of Tennessee has granted Certificate of Need approval for a sixty-four bed psychiatric hospital in Knoxville, Tennessee. The facility, Knoxville Center for Behavioral Medicine, LLC, is the result of a partnership among NHC, Tennova, UTMC and Reliant.
The project will relocate 38 licensed inpatient beds from other Tennova hospitals to the new Knoxville Center for Behavioral Medicine. The community will also have access to 26 additional beds that will be established for behavioral medicine services. Knoxville Center for Behavioral Medicine will provide psychiatric services to both adult and geriatric patients at the future site near the corner of Middlebrook Pike and Old Weisgarber Road. The newly constructed facility is projected to open in 2022, subject to necessary regulatory and other approvals.
“We are excited our Certificate of Need was approved to start on the new Knoxville Center for Behavioral Medicine in Knox County,” said Jay Nason, NHC’s Vice President of NHC’s Eastern Region. “We are thrilled the Agency recognized the great need for psychiatric services in Knox and 15 surrounding counties.
Thank you to all of our community and healthcare supporters that submitted over 100 letters of support to help bring these important services to those in our community.”
“We are pleased to be working together with other reputable healthcare providers to offer compassionate, quality care to adults and seniors in our community who may be experiencing mental or emotional difficulties,” said Tony Benton, chief executive officer of Tennova Healthcare – East Tennessee Market. “We are excited to bring back a much-needed service that was long-established at Physicians Regional Medical Center in Knoxville until the hospital closure 14 months ago. Together, we are able to do what is best for this community.”
“We see a great need for additional behavioral medicine inpatient treatment services in East Tennessee on a regular basis here at The University of Tennessee Medical Center,” said Joe Landsman, President and CEO of The University of Tennessee Medical Center. “This collaborative effort between the medical center, Tennova Healthcare, National Healthcare Corporation, and Reliant Healthcare will bring experienced, high-quality care and will address the need and access issues for many in our 16-county region who are struggling with behavioral medicine related concerns.”
The 55,000-square-foot facility will be adding a projected 100 new jobs to Knox county. Construction is projected to start in 2021.
NHC Reports 2019 Year End Earnings
MURFREESBORO, Tenn. — National HealthCare Corporation (NYSE American: NHC), the nation’s oldest publicly traded senior health care company, announced today net operating revenues for the year ended December 31, 2019 totaled $996,383,000 compared to $980,349,000 for the year ended December 31, 2018, an increase of 1.6%. For the year ended December 31, 2019, reported GAAP net income attributable to NHC was $68,211,000 compared to $58,964,000 for the 2018 year, an increase of 15.7%. Excluding the unrealized gains in our marketable equity securities portfolio and other non-GAAP adjustments, adjusted net income for the year ended December 31, 2019 was $59,616,000 compared to $64,373,000 for the 2018 year(1).
NHC Reports Third Quarter 2019 Earnings
MURFREESBORO, Tenn. — National HealthCare Corporation (NYSE American: NHC), the nation’s oldest publicly traded senior health care company, announced today net operating revenues for the quarter ended September 30, 2019 totaled $247,067,000 compared to $246,326,000 for the quarter ended September 30, 2018, an increase of 0.3%.
MURFREESBORO, Tenn. – National HealthCare Corporation (NYSE American: NHC) announced today that Josh A. McCreary has been appointed as Senior Vice President, General Counsel and Secretary, effective April 15, 2019.
“We are excited to welcome Josh to NHC. His extensive private practice experience and knowledge in multiple areas of law make him an exceptional addition to our team,” said Steve Flatt, Chief Executive Officer. McCreary is currently a partner at Hudson, Reed & McCreary, PLLC where he has practiced since 1998. He regularly counsels and represents businesses, governments, and individuals in a wide variety of transactional, compliance, and litigation matters. He also serves as the County Attorney for Rutherford County, Tennessee, one of the fastest growing counties in the country. “I am honored and thankful to join NHC as General Counsel and as a member of its executive team,” McCreary said. “It is a humbling and extraordinary opportunity to join great people to carry out NHC’s commitment to being the nation’s leader in senior care.” McCreary received his J.D. from University of Tennessee, Knoxville and bachelor’s degree from Lipscomb University.
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